Builders Exclusion

• Completed new construction may be excluded from supplemental assessment under certain circumstances. The property must be intended for sale and the builder must file the necessary application with the Assessor’s Office prior to or within 30 days of the start of construction.
• If the application is filed and the exclusion is approved, the new construction is appraised as of the date completed and enrolled for the following lien date. The builder will not get a supplemental assessment unless the property is occupied or used, with their consent, for purposes that are not incidental to the sale of the property. If the builder allows occupancy or use for purposes other than marketing the property, the supplemental assessment would be based on the date occupied or used rather than the date it was actually completed.
• If the application is not filed or the exclusion is not approved, a supplemental assessment is made to the builder upon the completion of construction.